The second (2nd) edition of the Ecobank Fintech challenge initiative has reached out to start-ups across the fifty-four (54) African countries to participate in the challenge.
This initiative gives entreprenuers with Fintech solutions an opportunity to promote their solutions and possibly partner with Ecobank to roll out solutions in all thirty-three(33) markets. Submissions from all 54 African countires are welcome. Ten finalists will be chosen to participate in an Awards Innovative Fair at Ecobanks Headquarters in Lomé, Togo that with be held in July 2018.
Areas of focus for the challenge are:
- Digital Onboarding/ Account Opening/ Know- Your-Customer Technology
- Digital Sales/Marketing
- Offline Mobile-to-Mobile Payments
- Multi-Channel Payments/Collect Ecosystems
- SME Intra-African Trade Platform
- Any other Fintech solution
A panel of judges will select the top three (3) Fintech solution Pitches and they will be awarded cash worth $10,000, $7,000and $5,000.
The ten finalists will receive the following benefits as well:
A lifetime partnership with Ecobank to roll out the most commercially viable product in Ecobank markets
Potentially selected by Ecobank as Pan-African service provider
A chance to be conferred as Ecobank Innovations Fellow and enjoy mentorship opportunities.
Who can apply
All African start-ups, start-ups with solutions for Africa.
An applicant can send more than one Fintech solution but on separate application forms.
Deadline for applying is 20th of May, 2018.